NORFOLK, VA (November 2022) –
S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $39 million in sales and lease volume on 414,497 square feet and approximately 14 acres for the Norfolk and Richmond Offices:
NEW LEASES:
- CDA, USA, Inc. has leased 20,000 square feet of industrial space at 7500 Ranco Road in Richmond, VA. Larry Agnew and Nathan Shor represented the tenant.
- Roto Rooter Services Company has leased 14,000 square feet of industrial space on 1.876 acres at 2680 Production Road in Virginia Beach, VA. Pierce Jacobson and Matthew Nusbaum represented the landlord.
- Dollar Tree has leased 12,505 square feet of retail space at Loehmann’s Plaza Shopping Center in Virginia Beach, VA. Maggie Spillane and Murray Rosenbach represented the landlord.
- JVP Enterprises Inc. has leased 5,500 square feet of retail space at Mechanicsville Shopping Center located at 7512 Mechanicsville Turnpike, #7510 in Mechanicsville, VA. Reid Cardon represented the landlord.
- Confidential Financial Group has leased 5,299 square feet of retail space at 4505 Columbus Street in Virginia Beach, VA. Martin Murden represented the tenant.
- OptumServe Health Services, Inc. has leased 4,867 square feet of office space at 804 Moorefield Park Drive in Richmond, VA. Andrew Thacker and Carter Wells represented the landlord.
- Stromberg/Garrigan & Associates, Inc. has leased 4,511 square feet of office space at 121 West Tazewell Street in Norfolk, VA. Ashley Bussey represented the landlord and tenant, and Bill Overman and John Wessling represented the landlord.
- American Pest, Inc. has leased 4,500 square feet of industrial space at 31 Conestoga Way in Troy, VA. Andrew Brodie and Nathan Shor represented the landlord.
- Catalillies Play Café has leased 4,000 square feet of retail space at James York Plaza in Williamsburg, VA. Maggie Spillane represented the landlord.
- ABC Store has leased 3,600 square feet of retail space at Quarterpath Crossing in Williamsburg, VA. Tyler Jacobson represented the landlord.
- Stewart Title & Settlement has leased 3,125 square feet of office space at 1401 Kristina Way in Chesapeake, VA. Bill Overman, CCIM and John Wessling, CCIM represented the tenant.
- Jenesys Home Health LLC has leased 2,911 square feet of office space at 601 High Street in Portsmouth, VA. Sam Rapoport represented the landlord.
- Virginia Beach Aligned Ortho, PLLC has leased 2,017 square feet of office space at 1369 Laskin Road, Suite 3-A in Virginia Beach, VA. Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
- Doraldo’s Restaurant has leased 2,444 square feet of retail space In White Marsh Shopping Center located at 4838 George Washington Memorial Highway in Hayes, VA. David T. Kalman represented the landlord.
- Music Explorers has leased 1,800 square feet of retail space in Chesterfield Meadows South Shopping Center located at 6433 Chesterfield Meadows Drive in Chesterfield, VA. Andrew Thacker and Bob Butcher represented the landlord.
- Spero Health of WV has leased 1,600 square feet of office space at Courthouse Square located at 150 Courthouse Road, Suite 101C in Princeton, WV. Fenton Childers represented the tenant.
- Blue Ridge Bank, N.A. has leased 1,430 square feet of office space at 243 W. Bute Street in Norfolk, VA. Sam Rapoport represented the tenant.
- Legendz Barbershop has leased 1,345 square feet of retail space at 732 Eden Way N, Unit G, in Chesapeake, VA. Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
- Bambu has leased 1,284 square feet of retail space at Innsbrook Shoppes located at 4040-F Cox Road in Glen Allen, VA. Reid Cardon represented the tenant.
- Vape Heads has leased 1,200 square feet of retail space at Chesterfield Meadows South Shopping Center located at 6431 Chesterfield Meadows Drive in Chesterfield, VA. Andrew Thacker and Bob Butcher represented the landlord.
- Gentle Clipper Pet Grooming has leased 1,160 square feet of retail space at White Marsh Shopping center located at 4850 George Washington Memorial Highway in Hayes, VA. David T. Kalman represented the landlord.
- Centre for Natural Medicine, LLC has leased 960 square feet of office space in Courtyard at Providence in Virginia Beach, VA. Pierce Jacobson represented the landlord.
- Queen Lash has leased 675 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
-
-
SALE TRANSACTIONS:
- TRP Hermitage LLC has purchased a 40,500 square foot industrial property portfolio on 1.714 acres located at 1701 Rhoadmiller Street and 2508 Hermitage Road in Richmond, VA from Golf Acres Investments LLC for $4,600,000. Reid Cardon represented the seller.
- Virginia Repertory Theatre has purchased the former Scottish Rite Temple, a 50,152 square foot commercial building on 4.460 acres located at 4204 Hermitage Road in Richmond, VA for $3,500,000. David T. Kalman represented the seller.
- Go Car Wash has purchased 1.104 acres of land located at 2831 Williamsburg Road in Henrico, VA from B&B Properties LC for $750,000. Nathan Shor, Elliot Warsof and David T. Kalman represented the Buyer.
- Hunters Mill Phase II Land, LLC has purchased .872 acre located at Newtown
- Crossroads, Lot 7 in Virginia Beach, VA from Laderberg Square, LLC for $530,000. Chris Devine represented the seller and Cheyney Cole, CCIM represented the buyer.
- Impulse Properties, LLC has purchased a 3,140 square foot ABC Store on .40 acre located at 201 S. County Drive in Waverly, VA from Nathaniel Proctor Peebles, III for $399,000. Doug Aronson represented the seller.
- 801 25th, LLC has purchased 1.80 acres, zoned light industrial, located at 2402 Gazel Street, 2302 Gazel Street, 810 E 23rd Street, 812 E 23rd Street, 814 E 23rd Street, 816 E 23rd Street, 818 E 23rd Street, 820 E 23rd Street, 820 E 23rd Street and 822 E 23rd Street in Norfolk, VA from Square Deal Demolition, Inc. for $285,000. Bill Overman, CCIM, John Wessling CCIM and Paul Peck represented the buyer.
-
LEASE RENEWALS/EXTENSIONS/EXPANSIONS:
- The City of Virginia Beach has renewed its lease and expanded to 54,625 square feet of office space in Pembroke Office Park at 297 Independence Boulevard in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the landlord.
- Food Lion has exercised its option on 47,848 square feet of retail space at James York Plaza in Williamsburg, VA. Maggie Spillane and Neal Sadler represented the landlord.
- TJ Maxx has renewed its lease on 29,750 square feet of retail space at Monticello Marketplace Shopping Center in Williamsburg, VA. Tyler Jacobson represented the landlord.
- VCU Health has renewed its lease on 7,400 square feet of retail space at Chesterfield Meadows Shopping Center located at 6433 Centralia Road in Chesterfield, VA. Andrew Thacker and Bob Butcher represented the landlord.
- Impact Martial Arts has relocated into 8,000 square feet of retail space at Holland Windsor Crossing Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
- Sherwin Williams has renewed its lease on 7,100 square feet of retail space at Warwick Village Shopping Center in Newport News, VA. Tyler Jacobson represented the landlord.
- Relate Church has extended its lease on 6,800 square feet of commercial space at 4165 Pruden Boulevard, Building 1 in Suffolk, VA. Michael Myers represented the landlord.
- The Academy of Dance and Gymnastics has extended its lease on 3,988 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
- Sentara Leigh Hospital has extended its lease on 3,432 square feet of office space at 818 Newtown Road in Virginia Beach, VA. Stephanie Sanker represented the landlord.
- Wells Fargo Bank has renewed its lease on 3,290 square feet of space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
- Comfort has renewed its lease on 1,940 square feet of industrial space at 1253 Jensen Drive, Suite 102 in Virginia Beach, VA. Martin Murden represented the landlord.
- Mariner Finance has renewed its lease on 1,800 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
- Crestwood Technology Group has renewed its lease on 1,800 square feet of office space at 109 Currituck Commercial Drive, Unit D in Elizabeth City, NC. Chris Devine represented the landlord.
- United Floor Care, LLC has renewed its lease on 1,800 square feet of industrial space at 5758 Arrowhead Drive in Virginia Beach, VA. Pierce Jacobson and Stephanie Sanker, CCIM, SIOR represented the landlord.
- Gold Taste Sushi has renewed its lease on 1,600 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
- Mathnasium of South Virginia Beach has extended its lease on 1,575 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
- Sally Beauty Supply has extended its lease on 1,500 square feet of retail space at Loehmann’s Plaza in Virginia Beach, VA. Maggie Spillane represented the landlord.
- NextHome Tidewater Realty has extended its lease on 1,411 square feet of retail space at Edinburgh Commons 2 Shopping Center in Chesapeake, VA. Maggie Spillane represented the landlord.
- Napoli Pizza has renewed its lease on 1,200 square feet of retail space at Short Pump Crossing located at 3324 Pump Road in Henrico, VA. Andrew Thacker and Bob Butcher represented the landlord.
- Vaping Bunnies has extended its lease on 1,120 square feet of retail space at Smithfield Square Shopping Center in Smithfield, VA. Chris Hucke represented the landlord.
- Lava Vape has extended its lease on 900 square feet of retail space at Buckner Retail Shops in Virginia Beach, VA. Chris Hucke represented the landlord.
- Nails 20/20 has extended its lease on 840 square feet of retail space at University Shoppes in Norfolk, VA. Neal Sadler represented the landlord.
